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NYSE:GVA

Granite Construction - GVA Stock Forecast, Price & News

$41.12
-0.38 (-0.92%)
(As of 01/30/2023 01:05 PM ET)
Add
Compare
Today's Range
$41.06
$41.67
50-Day Range
$34.48
$41.50
52-Week Range
$25.35
$41.85
Volume
71,014 shs
Average Volume
341,464 shs
Market Capitalization
$1.80 billion
P/E Ratio
32.63
Dividend Yield
1.25%
Price Target
$28.00

Granite Construction MarketRank™ Forecast

Analyst Rating
Reduce
1.00 Rating Score
Upside/​Downside
31.9% Downside
$28.00 Price Target
Short Interest
Bearish
12.29% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.98mentions of Granite Construction in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.12%
From $2.64 to $2.96 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.42 out of 5 stars

Construction Sector

106th out of 109 stocks

Heavy Construction, Except Building Construction - Contractors Industry

9th out of 9 stocks


GVA stock logo

About Granite Construction (NYSE:GVA) Stock

Granite Construction, Inc. is a holding company. It operates as an infrastructure contractor and a construction materials company in the United States. It operates through the following segments: Construction and Materials. The Construction segment is involved in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. In addition, it offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, and provides construction management professional services. The company serves federal agencies, state departments of tr

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GVA Stock News Headlines

"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Granite’s Washington Region Receives Project Awards
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Granite Construction's Outperformance Can Continue
Granite Construction's (NYSE:GVA) Dividend Will Be $0.13
15 Longest Bridges in the World
See More Headlines
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GVA Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 1/13 Dividend
12/29/2022
Dividend Payable
1/13/2023
Today
1/30/2023
Next Earnings (Estimated)
2/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
Construction & Engineering
CUSIP
38732810
Employees
3,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$28.00
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
-31.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$10.10 million
Pretax Margin
1.35%

Debt

Sales & Book Value

Annual Sales
$3.01 billion
Cash Flow
$4.36 per share
Book Value
$21.73 per share

Miscellaneous

Free Float
43,533,000
Market Cap
$1.80 billion
Optionable
Optionable
Beta
1.39

Key Executives

  • Kyle T. Larkin
    President, Chief Executive Officer & Director
  • Jim Radich
    Chief Operating Officer & Executive Vice President
  • Elizabeth Lisa Curtis
    Chief Financial Officer & Executive Vice President
  • Malcolm Jack
    Chief Information Officer
  • M. Craig Hall
    Secretary, Compliance Officer & Senior VP













GVA Stock - Frequently Asked Questions

Should I buy or sell Granite Construction stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street analysts is that investors should "sell" GVA shares.
View GVA analyst ratings
or view top-rated stocks.

What is Granite Construction's stock price forecast for 2023?

1 brokerages have issued twelve-month price objectives for Granite Construction's shares. Their GVA share price forecasts range from $28.00 to $28.00. On average, they predict the company's stock price to reach $28.00 in the next year. This suggests that the stock has a possible downside of 32.5%.
View analysts price targets for GVA
or view top-rated stocks among Wall Street analysts.

How have GVA shares performed in 2023?

Granite Construction's stock was trading at $35.07 at the beginning of the year. Since then, GVA shares have increased by 18.3% and is now trading at $41.50.
View the best growth stocks for 2023 here
.

When is Granite Construction's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our GVA earnings forecast
.

How were Granite Construction's earnings last quarter?

Granite Construction Incorporated (NYSE:GVA) posted its quarterly earnings results on Thursday, October, 28th. The construction company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by $0.09. The construction company earned $1.06 billion during the quarter. Granite Construction had a net margin of 2.14% and a trailing twelve-month return on equity of 7.13%. During the same period in the prior year, the business posted $0.90 EPS.

How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?

Granite Construction announced a quarterly dividend on Friday, December 9th. Stockholders of record on Friday, December 30th will be given a dividend of $0.13 per share on Friday, January 13th. This represents a $0.52 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for GVA
.

Is Granite Construction a good dividend stock?

Granite Construction (NYSE:GVA) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.26%. The dividend payout ratio is 41.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GVA will have a dividend payout ratio of 17.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GVA.

What guidance has Granite Construction issued on next quarter's earnings?

Granite Construction issued an update on its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.20 billion-$3.30 billion, compared to the consensus revenue estimate of $3.06 billion.

What is Kyle T. Larkin's approval rating as Granite Construction's CEO?

4 employees have rated Granite Construction Chief Executive Officer Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among the company's employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Granite Construction own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD), NVIDIA (NVDA), Ford Motor (F), The Hain Celestial Group (HAIN) and Carnival Co. & (CCL).

What is Granite Construction's stock symbol?

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

Who are Granite Construction's major shareholders?

Granite Construction's stock is owned by a variety of retail and institutional investors. Top institutional investors include Bernzott Capital Advisors (1.72%), Pinnacle Associates Ltd. (0.42%), Comerica Bank (0.11%), Wesbanco Bank Inc. (0.07%), Yousif Capital Management LLC (0.06%) and Louisiana State Employees Retirement System (0.05%).
View institutional ownership trends
.

How do I buy shares of Granite Construction?

Shares of GVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Granite Construction's stock price today?

One share of GVA stock can currently be purchased for approximately $41.50.

How much money does Granite Construction make?

Granite Construction (NYSE:GVA) has a market capitalization of $1.81 billion and generates $2.83 billion in revenue each year. The construction company earns $10.10 million in net income (profit) each year or $1.26 on an earnings per share basis.

How many employees does Granite Construction have?

The company employs 3,300 workers across the globe.

How can I contact Granite Construction?

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The official website for the company is www.graniteconstruction.com. The construction company can be reached via phone at (831) 724-1011, via email at ronald.botoff@gcinc.com, or via fax at 831-761-7871.

This page (NYSE:GVA) was last updated on 1/30/2023 by MarketBeat.com Staff